Enterprise

Tencent supplants Facebook as world’s most valuable social media company

China’s tech giants continue growing

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In an interesting turn of events, Tencent’s market capitalization rose to US$ 670 billion in intra-day trading. On the other hand, Facebook has a market capitalization of US$ 658 billion. If stocks by Tencent can retain the value of at least HK$ 533, it’ll be the seventh-largest company in the world.

Facebook is among the most easily recognizable tech companies in the world. It also owns social media app Instagram and instant messenger WhatsApp. The company’s stock has consistently improved in value since the initial offering and continues to grow.

However, on the other side of the world, Tencent is a widely acknowledged name in China. The company has a lot of investment in online gaming and backs WeChat, one of China’s leading super apps.

Keep in mind, market capitalization is a very dynamic figure and directly proportional to the company’s stock value. Hypothetically, if the demand for Facebook stock rises, the price of the stock on the exchange will also rise. This shall in turn increase its market cap.

While these figures are constantly changing, something remains static. And, that’s China’s ability in the technology sector. These are early indications of Chinese companies directly going up against American counterparts. Companies like Tencent and Alibaba are actively investing in developing markets to expand their reach while American companies are also following the same trend.

Tencent’s WeChat has more than a billion users, a figure even Facebook can boast off. Just like Facebook’s diversification, Chinese giants are also expanding and looking for untapped potential.

Enterprise

Nothing announces partnership with Qualcomm

More devices coming

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Carl Pei’s Nothing is finally off to a good start. The OnePlus co-founder’s first endeavor after leaving his first company has recently launched its first product, the Nothing ear (1). Of course, the true wireless headset is only the beginning. Nothing still has other products readied up for its infantile ecosystem. Touting a new partnership with Qualcomm, it looks like Carl Pei has more than audio headsets for the future.

In an official post from the company, Nothing has confirmed that it has obtained an additional US$ 50 million in seed funding. Coinciding with the new infusion of funds, the company has also confirmed an upcoming partnership with Qualcomm Technologies.

Though a partnership with Qualcomm can technically mean anything, the company states that the partnership will help facilitate “the brand’s entry into new product categories as part of its ecosystem,” the report reads. The report also directly names the Snapdragon line as a part of the new partnership.

Qualcomm’s Snapdragon remains one of the most recognizable names for chipsets. Nothing, on the other hand, holds a promise following the company’s launch earlier this year. Currently, the company offers only one product, the ear (1). The TWS headset retails now for only GBP 99.

SEE ALSO: Nothing launches first product, the ear (1), for only £99

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Enterprise

Apple doesn’t have enough chips for iPhone 13 series

Production might have been slashed

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Christmas is right around the corner. Everyone has already started scrambling for gifts in time for the holiday season. However, if you’re looking at an iPhone 13, you might want to keep your options open for other alternatives. According to a report, Apple is having trouble getting enough chips for iPhone 13 production.

As reported by Bloomberg, Apple might slash its iPhone 13 production for 2021 by as much as 10 million units. The company had previously envisioned 90 million units by the end of the year. As such, the slashed production numbers can create a visible dent in the availability of the iPhone 13 series all over the world.

Currently, Apple is still working to fill in the current backlog of preorders which started from its launch back in September. The company still has time to produce enough units for the current slate of orders, but it might have a harder time accommodating new orders.

Of course, this shouldn’t be a surprise. The global chip shortage has ravaged the tech industry since the pandemic started last year. Several tech companies are still struggling to meet the demand for new devices amid dwindling chip supplies.

Especially since the iPhone 13’s launch, Apple remains one of the biggest buyers for chipset components. The company isn’t even done for the year. Apple is set to host another event on October 18.

SEE ALSO: Apple ‘unleashes’ invites for Oct 18 event

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Enterprise

Converge Business powers SMEs, conglomerates through business connectivity

Along with data transport and other ICT solutions

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Converge ICT Solutions Inc., officially marks its advent in the B2B sector through Converge Business. It’s an umbrella brand for all business connectivity, data transport, and other ICT solutions.

The fiber-optic service provider has already been serving a growing number of business clients, particularly in small-to-medium enterprises. However, the company aims to take it up a notch — expanding its coverage to SME, Enterprise, and Wholesale segments. Moreover, Converge sets its sights on providing services to conglomerates and large enterprises.

Impactful solutions

Converge Business aims to accelerate digital transformation among businesses through various solutions. Divided through different segments, the venture hopes to address the market needs properly.

For instance, Small-to-medium enterprises will benefit the most with Converge’s flexiBiz Day and flexiBiz Peak, providing high-speed Internet connectivity during peak hours.

For larger corporations, Converge Business has an Enterprise segment offering connectivity services at a competitive price. Such examples are Dedicated Internet Access – Time of Day, Dedicated Internet Access – Upload, and Cloud connectivity. These solutions offer premium fiber for high-performance and private data connectivity.

More importantly, businesses have the flexibility when it comes to their bandwidth usage, hosting and uploading requirements, and during the delivery of information over a secured shared network.

Better customer experience

Converge Business proudly ensures a better customer experience, having the lowest trouble index in the market at just one percent. Further, Converge is equipped with in-house capabilities that promise quality service delivery through their value chain — from network engineering, installation, sales, and customer support.

“As the lifeline of many during this pandemic, we want to help the hundreds of thriving businesses in the Philippines to embrace digitalization and its benefits,” said Dennis Anthony H. Uy, Converge Co-founder and CEO.

“Converge Business is here to provide enterprises with superior, relevant, and impactful ICT solutions that will drive great results for every business segment. We want to empower individuals and businesses to become more agile to stand above in these unprecedented times,” Uy added.

For inquiries or more information, email [email protected](dot)com for your MSME needs, and [email protected](dot)com for Corporate and Enterprise.

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